Yes 21.8c may be what holders would get if they convert to Lion...

Yes 21.8c may be what holders would get if they convert to Lion ATM, although it has been at 22c or thereabouts quite a bit lately. But if I may speculate a little? Researching Lion and their past & current acquisition targets, should Lion be successful, CGT would be their best 'get' thus far. In my opinion the SGX market would look at it very favourably when or if Lion were able to confirm successful takeover of CGT and Lion's sp would go up again with that news. Only my opinion ofcourse.

P.S. How'd you feel if you sold out at 13-15c back a few weeks ago when the big boys were pushing the sp down & accumulating? They are still accumulating now @ 20-21c. You must ask yourself, what do they know that I don't?